1,200 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Spirit of America Management Corp NY

by · The Cerbat Gem

Spirit of America Management Corp NY acquired a new position in Talen Energy Corporation (NASDAQ:TLN – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,200 shares of the utilities provider’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shikiar Asset Management Inc. bought a new stake in shares of Talen Energy during the 2nd quarter worth $278,000. Guidance Capital Inc. purchased a new stake in shares of Talen Energy in the third quarter valued at $348,000. Mcdaniel Terry & Co. purchased a new stake in shares of Talen Energy in the third quarter valued at $371,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Talen Energy in the third quarter valued at $7,967,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Talen Energy in the third quarter valued at $29,464,000. 0.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on TLN shares. Oppenheimer increased their target price on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 target price on the stock. Jefferies Financial Group began coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 target price on the stock. Guggenheim raised their price target on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada began coverage on Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $205.33.

Read Our Latest Stock Report on Talen Energy

Talen Energy Stock Performance

TLN opened at $177.98 on Friday. The company has a fifty day moving average price of $125.17 and a two-hundred day moving average price of $99.53. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. Talen Energy Corporation has a 52 week low of $52.01 and a 52 week high of $197.61.

Talen Energy (NASDAQ:TLN – Get Free Report) last released its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($1.14) by $1.33. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The firm had revenue of $489.00 million during the quarter, compared to analyst estimates of $437.50 million. On average, sell-side analysts forecast that Talen Energy Corporation will post 13.79 EPS for the current year.

Talen Energy Company Profile

(Free Report)

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.

Featured Articles

Want to see what other hedge funds are holding TLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talen Energy Corporation (NASDAQ:TLN – Free Report).